Why Divest?

For Health

Our planet has warmed an average of 1 degree Celsius since pre-industrial times.

Already climate change is estimated to cause over 150,000 deaths worldwide each year through increased extreme weather events, increased transmission of infectious diseases and failing food production (2).

HESTA's Investments

HESTA disclose 49% of their Australian holdings and 15% of their international holdings in their Core Pool online.

Their Core Pool's Australian holdings include Woodside Petroleum - Australia's largest independent oil and gas company.

HESTA have refused to provide us with any further details of their fossil fuel investments.

HESTA have divested from tobacco and from Transfield Services (now Broadspectrum) who operate asylum seeker detention centres. There is therefore a clear precedent for divesting from industries that harm health.

First State Super have divested from tobacco and from Transfield Services (now Broadspectrum) who operate asylum seeker detention centres. There is therefore a clear precedent for divesting from industries that harm health.

Are you a First State Super member and want First State out of fossil fuels?